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Which of the Following Is Not True About the Status

Question 32

Multiple Choice

Which of the following is not true about the status of an agent?


A) Agent - a person who, by express or implied agreement, is authorized to act for someone else in business dealings with a third party
B) A "purchasing agent" is not a legal party to his or hers business transactions, but rather serves as an intermediary.
C) Law requires the agent to be loyal to the employer
D) Law permits the employer to hold its purchasing agent(s) personally liable for any secret advantages
E) An agent represents the firm in personal dealings, as well as official

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